Hyman Charles D Has $3.36 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Hyman Charles D decreased its stake in The Walt Disney Company (NYSE:DIS) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,241 shares of the entertainment giant’s stock after selling 7,080 shares during the period. Hyman Charles D’s holdings in Walt Disney were worth $3,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trian Fund Management L.P. raised its stake in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Walt Disney during the third quarter worth $326,171,000. International Assets Investment Management LLC raised its position in Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after acquiring an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after acquiring an additional 2,505,486 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after acquiring an additional 2,384,407 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Loop Capital lifted their target price on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $11.07 during trading on Tuesday, reaching $105.40. 55,026,769 shares of the company’s stock were exchanged, compared to its average volume of 12,064,021. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market cap of $193.34 billion, a P/E ratio of 65.06, a PEG ratio of 1.39 and a beta of 1.40. The firm’s 50-day moving average price is $114.59 and its 200 day moving average price is $101.21.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 4.7 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.